Transfers of Value to Healthcare Professionals and Healthcare Organisations
Supporting Healthcare Professionals and Healthcare Organisations (Transfers of Value)
Bayer is proud and committed to fostering transparency in its financial relations with healthcare professionals and organisations and believes that it creates trust in the innovative pharmaceutical industry.
Collaborative Research Benefits Patients and Society
The collaboration between the pharmaceutical industry and healthcare professionals has delivered numerous innovative medicines and changed the way many diseases impact our lives. We at Bayer are convinced that close cooperation with and continuous education of healthcare professionals is key to achieving better outcomes for the patients we strive to help.
Pharmaceutical Industry – Healthcare Professionals: A Highly Regulated Relationship
When collaborating with medical experts, we comply with existing laws and regulations that clearly outline the interaction between industry and healthcare professionals, e.g. healthcare laws and industry codes. Additionally, these rules are amended by different transparency regulations, such as the Sunshine Act in the US, the European Federation of Pharmaceutical Industries and Associations (EFPIA) Disclosure Code (http://transparency.efpia.eu/) in Europe, and more locally the Association of the British Pharmaceutical Industry (ABPI) Disclosure Code (http://www.abpi.org.uk/our-work/disclosure/Pages/disclosure.aspx). We fully respect the independence and integrity of these professionals.
What the EFPIA Disclosure Code is about – Implementing the EFPIA Disclosure Code
As a member of EFPIA and in line with our company values we fully endorse the EFPIA Disclosure Code (http://transparency.efpia.eu/). In the UK, the implementation of this Code is carried out in accordance with the ABPI Code. In the UK, Bayer will disclose payments as well as benefits in kind to healthcare professionals and healthcare organisations on an online platform managed by the ABPI.
In accordance with the EFPIA Disclosure Code Bayer will disclose payments as well as benefits in kind to healthcare professionals and healthcare organisations by June 2017, at the latest.
UKBAY06170200 Date of preparation: June 2017